Metropolitan Statistical Area (MSA):
Rio Grande City, TX is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Rio Grande City, TX metropolitan statistical area (MSA) is one of the hottest housing markets in the country. The combination of strong job growth, low interest rates, and limited supply of available homes for sale has resulted in rapidly rising home prices and rental rates.
The average home price in the Rio Grande City MSA has increased by more than 20% over the past two years, and is now approaching $300,000. Rental rates have also been on the rise, with the average 2-bedroom apartment now renting for around $1,500 per month.
With demand for housing continuing to outpace supply, there is no relief in sight for renters or buyers looking to purchase a home in the near future. Prices are expected to continue to rise at a rapid pace over the next few years as more people relocate to the Rio Grande City MSA for work or retirement.